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'So when we said 272m...'

Filed: Wednesday, 14th December 2016
By: Staff Writer

LLDC Chief Executive David Goldstone says that the 272million cost to replace the roof of the Olympic Stadium was only a 'contingency' figure.

By the time the roof was re-fitted in 2015, the cost to the public purse had risen by a further 51million to 323million - something that Goldstone was forced to explain during a London Assembly meeting this afternoon, after London mayor Sadiq Khan ordered an enquiry into the spiralling costs.

According the Goldstein around 21million of the additional fees were incurred by extra seating, a further 14million on general stadium enhancements, 12million on contingency spending and a further additional 4million insurance fees.

"The announcement we made in 2015 with the 272m figure in it made clear there was some contingency but didn't specify a number," he told the Assembly.

"The increase of 51million is a combination and lots of it is to do with the seating. Some of it was to enhance the long-term viability [of the stadium].

"A chunk of it was to do with the very unfortunate contractor hired to install new seats, We were left with a partially installed system just before the Rugby World cup, a very high-profile event.

"Fortunately I don't think there's any more surprises!"

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